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Mobile streamed music is a service that enables the user to listen to music using smartphones by streaming songs through the internet. The service provider buys the digital rights from the music recording company and the user can access the tracks listed on the service provider's app and website based on the type of subscription the user has subscribed to. Many of the service providers offer online radio streaming. Many of the mobile streaming apps have a feature that allows the user to create playlists and share them with friends through social media. The user can also save songs and playlists for the offline streaming of songs while on the go without the need to use the internet.

The analysts forecast the Global Mobile Streamed Music market will grow at a CAGR of 29.2 percent over the period 2013-2018.

Covered in this ReportThe Global Mobile Streamed Music market can be segmented into Online Streaming and Offline Streaming. These are the types of streaming the user can utilize to stream music on their mobile phones. The report also includes a discussion of the key vendors operating in this market. It also discusses the user base
of the Global Mobile Streamed Music market. The report limits its forecasts to content and services accessed via mobile phones.The report, the Global Mobile Streamed Music Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Mobile Streamed Music market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Market Trends- Increase in Adoption of Cloud Services for Music Streaming.- For a full, detailed list, view our report.

Key Questions Answered in this Report- What will the market size be in 2018 and what will the growth rate be?- What are the key market trends?- What is driving this market?- What are the challenges to market growth?- Who are the key vendors in this market space?- What are the market opportunities and threats faced by the key vendors?- What are the strengths and weaknesses of the key vendors?

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Commenting on the report, an analyst from the team said: “Cloud computing provides consumers with legal access to music online and is rapidly being adopted by firms because it enhances portability, enabling subscribed users to access digital content stored in remote servers irrespective of the devices used. Listening to music initially was only possible using devices such as iPods. But the current scenario is witnessing consumers switching to an access-based approach, which consists of subscribing to digital music libraries stored in the cloud. Cloud-based music services such as iTunes Match have become a market reality and have increased the popularity of music downloads. Historically, companies such as Apple Inc., Google Inc., and Amazon Inc. have primarily focused on cloud music from a storage perspective, as a remote locker for downloaded tracks. Such developments are expected to help content companies generate higher revenue from digital fronts.”

According to the report, the growth of the Global Mobile Streamed Music market is driven by several major factors, one being the increasing use of smartphones. The growing penetration of smartphones is expanding the Global Mobile Streamed Music market as these devices are the most sought after platforms for accessing digital music. The availability of high-speed internet connectivity has also increased streaming and download activities.Further, the report states that one of the main challenges hampering market growth is piracy concerns. Piracy has always been a major issue for the Music industry, with the increasing use of torrents around the world to illegally download music.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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